The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Hormel Foods Corp.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineOversold sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Hormel Foods Corp. (HRL). During the week, the HRL gave back -0.36 points, or -0.99%, and closed at 35.90 on Friday, May 18, 2018. Weekly volume was -30% below average.

HRL is a member of Consumer Goods Sector. Consumer Goods is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HRL long-term trend chart]
A long-term downtrend had started on February 16, 2016 at 45.72 and reached 29.75 on October 25, 2017. HRL lost 15.97 points, or 34.93%, in 88 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 31.19 and resistance is at 37.24. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See HRL medium-term trend chart]
A medium-term uptrend had started on October 25, 2017 at 29.75 and reached 38.00 on December 5, 2017. HRL gained -8.25 points, or -27.73%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See HRL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 6, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HRL short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 35.16 and reached 36.60 on May 11, 2018. HRL gained -1.44 points, or -4.10%, in 8 days. The price is now at the 48.61% retracement level.

Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 1, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.79% on Friday. It is 55.04% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.26
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 66.39
Greed/Fear Indicator (GFI) 61.54
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.98
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 84.20
Overbought
Greed/Fear Indicator (GFI) 76.20
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Yearly Trendline Resistance 37.24
Parabolic System 36.64
Upper Bollinger Band 36.53
Daily Stochastic Crossing 36.20
Weekly Stochastic Crossing 36.05
20 Day Moving Average 36.00
Price 35.90
Quarterly Trendline Resistance 35.59
Lower Bollinger Band 35.16
Quarterly Trendline Support 35.12
50 Day Moving Average 34.99
Yearly Trendline Support 31.19
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Meat Products 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.49
High Date 05/17/2018
Low 35.39
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.16
Low Date 05/03/2018
High 36.60
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.71
Low Date 02/06/2018
High 36.64
High Date 04/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 35.59
Support 35.12
Low 29.75
Low Date 10/25/2017
High 38.00
High Date 12/05/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 37.24
Support 31.19
High 45.72
High Date 02/16/2016
Low 29.75
Low Date 10/25/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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